AMCON Distributing (NYSEAMERICAN:DIT) Coverage Initiated at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of AMCON Distributing (NYSEAMERICAN:DIT) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

AMCON Distributing Stock Down 0.6 %

Shares of DIT opened at $132.00 on Tuesday. AMCON Distributing has a 1 year low of $118.25 and a 1 year high of $209.50. The company has a quick ratio of 1.15, a current ratio of 3.05 and a debt-to-equity ratio of 1.59. The company has a market capitalization of $83.16 million, a price-to-earnings ratio of 13.16 and a beta of 0.54.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in AMCON Distributing stock. Empowered Funds LLC increased its stake in shares of AMCON Distributing (NYSEAMERICAN:DIT) by 7.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,442 shares of the company’s stock after acquiring an additional 175 shares during the quarter. Empowered Funds LLC owned approximately 0.39% of AMCON Distributing worth $449,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 11.14% of the company’s stock.

AMCON Distributing Company Profile

AMCON Distributing Company, together with its subsidiaries, engages in the wholesale distribution of consumer products in the Central, Rocky Mountain, and Mid-South regions of the United States. It operates through Wholesale Distribution and Retail Health Food segments. The Wholesale Distribution segment distributes consumer products, including cigarettes and tobacco products, candy and other confectionery, beverages, groceries, paper products, health and beauty care products, frozen and refrigerated products, and institutional foodservice products.